jsnider

About Jeffrey P. Snider

Jeff is the Head of Global Research at Alhambra. Though his work makes it sound like he is an economist, he is no such thing. Rather, through intense personal study he has developed a very different sense of especially the hidden inner workings of the global monetary system - beginning with the fact that it is a global money system. With a very unique starting point, Alhambra's research truly begins in a way that no one else's does.

Downturn The Middle

By |2019-03-22T17:02:02-04:00March 22nd, 2019|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

The Netherlands is the latest in Europe to move away from the center. A relatively new political party in Holland, formed in 2016 it stunned convention this week. Dutch voters were electing provincial parliamentary representatives who then determine seats in the country’s Senate. The Forum for Democracy (FfD) party will go from two to twelve [...]

Downturn Is Everywhere

By |2019-03-22T12:47:15-04:00March 22nd, 2019|Bonds, Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

Europe is a total mess, no one can (honestly) argue otherwise. But that’s just Germany and France, right? PMI’s in those countries were a disaster. Those reported for the US weren’t really all that bad. Weaker, sure, hardly the obvious sinking especially when compared to German manufacturers. IHS Markit’s flash US Manufacturing Index for March [...]

Downturn Is Here

By |2019-03-22T12:04:14-04:00March 22nd, 2019|Bonds, Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

Confirmation that it wasn’t a shallow Rhine and emissions regulations. Something big is going on in Europe, Germany first. And if the German economy stumbles, particularly its industrial and manufacturing sector, we can reasonably infer its cause – the entire global economy is suffering. As is standard practice, when weak data began showing up last [...]

February 2019 PBOC/RMB Update

By |2019-03-20T17:23:43-04:00March 20th, 2019|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

This will serve mostly as an update to what is going on inside the Chinese monetary system. The PBOC’s balance sheet numbers for February 2019 are exactly what we’ve come to expect, ironically confirmed today on the domestic end by the FOMC's dreaded dovishness. Therefore, rather than rewrite the same commentary for why this continues [...]

Why The Doves? FOMC Projections Begin To Sense Euro$ #4

By |2019-03-20T16:49:42-04:00March 20th, 2019|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

Officials at the Federal Reserve have already announced they are undertaking an exhaustive review of their policies. Small wonder, the way things are turning out in 2019. It’s another year where they’ll have to apologize for so much over-optimism. Inflation hysteria seems like such a very long time ago, and so brief of a reprieve. [...]

Where Doves Are Dreaded

By |2019-03-20T15:59:39-04:00March 20th, 2019|Bonds, Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

If “rate hikes” and QT are the world’s big problem in 2019, then why is the FOMC announcing the end of “rate hikes” and QT failing to have a positive effect? The answer will surprise most people. Central banks, dominated by central bankers who are Economists, meaning statisticians, are always behind. They do not lead. [...]

Slump, Downturn, Recession; All Add Up To Sideways

By |2019-03-19T16:14:36-04:00March 19th, 2019|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

According to Germany’s Zentrum für Europäische Wirtschaftsforschung, or ZEW, the slump in the country’s economy has now reached its fourteenth month. The institute’s sentiment index has improved in the last two, but only slightly. As of the latest calculation released today, it stands at -3.6. That’s up from -24.7 back in October, though sentiment had [...]

Recent Posts

Contact Info

Phone: 305-233-2772

Fax: 305-397-1686